Company News
Forbidden Technologies names new chief operating and financial officer
Cloud video platform technology provider Forbidden Technologies has added Stephen White to its board to take on the newly created role of chief operating and financial officer.
Biffa secures new five-year £350m revolving credit facility
Waste management group Biffa has announced a new unsecured £350m revolving credit facility with a consortium of banks that will reduce the cost of its debt.
Knights Group agrees new £27m facility with Allied Irish Bank
Legal and professional services business Knights Group has agreed a new extended revolving credit facility with Allied Irish Bank, it announced on Thursday.
Debenhams ploughs on with £200m refinancing plan
Debenhams said on Thursday that it had achieved the requisite level of consent from its bondholders to carry out the next stage of its refinancing plans, which it has warned could lead to shareholders being wiped out.
Egdon Resources upbeat on work at Springs Road-1 well
Egdon Resources updated the market on the Springs Road-1 (SR-01) well on license PEDL 140 on Thursday, in which it held 14. 5% interest, reporting that the well had reached a total depth of 3,500 metres after encountering all three pre-drill targets - the Bowland Shale, the Millstone Grit and the Arundian Shales.
HICL Infrastructure reveals more details on new Dutch investment
HICL Infrastructure Company updated the market on Thursday on its new investment in the Netherlands, which was initially announced on 18 March.
Eddie Stobart profits boosted by contract wins, acquisitions
Logistics group Eddie Stobart posted a jump in full-year profit and revenue on Thursday thanks to contract wins and organic growth.
Sabre Insurance keeps foot on clutch as dividend tops forecasts
Sabre Insurance declared a final dividend of 6. 8p and a special dividend of 6. 0p after the non-standard motor insurance underwriter's first full year as a listed business, where the focus was on "underwriting profitability over growth".
International PPL delivers dividend target as NAV growth continues
International Public Partnerships reported 7. 9% growth in its net asset value in its final results on Thursday, to £2. 2bn, with its net asset value per share growing to 148. 1p from 145p.
Mattioli Woods snaps up pension advisory firm SSAS Solutions
Wealth management firm Mattioli Woods has announced the acquisition of Belfast-based pension advisory group SSAS Solutions for up to £4. 01m, in a deal that is expected to be earnings-enhancing in the first full year of ownership.
Derwent fully pre-lets Brunel Building in West London
Property investor Derwent London has fully pre-let the currently under construction Brunel Building in Paddington, West London.
The Renewables Infrastructure Group raises £302m in massively oversubscribed fundraising
The Renewables Infrastructure Group announced on Thursday that the fundraising undertaken under the initial placing, initial open offer, initial offer for subscription and intermediaries offer it announced on 7 March had successfully completed.
CEPS acquires pattern book and shade card maker
AIM-listed investor CEPS has agreed to acquire Yorkshire-based pattern book and shade card maker Travelfast for a maximum consideration of £1. 2m on Thursday.
7digital inks deals with rights tech company
Digital music solutions outfit 7digital has inked a contract with rights tech company Dubset Media.
Premier Oil completes $65.6m sale of Pakistan operations
Premier Oil announced on Thursday that it has completed the sale of Premier Oil Pakistan Holdings, which comprises its Pakistan business, to Al-Haj Energy.
Meggitt awarded $37m Abrams tank systems contract
Aerospace, defence and energy components and systems supplier Meggitt has been awarded a contract worth up to $37m from General Dynamics Land Systems, it announced on Thursday.
SSE still exploring options for retail supply arm, says wholesale profit to drop
SSE said on Thursday that it expects a "significant" reduction in 2018/19 adjusted operating profit in its wholesale business as it continues to assess "all options" for its retail supply arm, SSE Energy Services, following the collapse of the merger with Npower last year.
Johnson Matthey ties down EV battery material production plans
Johnson Matthey is confident of meeting customers' future commercial requirements for its new eLNO electric battery cathode materials after it secured the site for a factory and a 10-year lithium supply agreement.